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Why crypto gambling is the best

Why crypto gambling is the best

Why crypto gambling is the best

Fri May 12 2023 02:30:00 GMT+0000 (Coordinated Universal Time)

It’s remarkable how cryptocurrency gambling has surpassed fiat currencies in online casinos. This is because crypto allows you to instantly transfer funds into and out of your casino account, unlike traditional banking, which can take days to process.

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Spend, earn and win crypto at Bitcasino. Thousands of games to choose from.

Seamless and uninterrupted gaming is just one of the many benefits of crypto gambling, like anonymity, accessibility and security. Our crypto expert in Bitcasino’s Diamond Hands series has more to say on why cryptocurrency gambling reigns supreme. Watch the video below:

Benefits of gambling with crypto

Cryptocurrency also has various benefits outside of gambling, especially for people looking for better financial alternatives. Here are some of its most significant advantages:

Crypto gambling is considered more secure due to smart contracts. This is used by parties to ensure that certain conditions are met before crypto transactions are processed. Smart contracts keep your assets safe until you’ve placed your wager and the results of the round have been drawn. 

Additionally, blockchain tech in cryptocurrency ensures the security of transactions made with crypto. With its consensus protocol managed by nodes and miners, issues such as hacking or double-spending are impossible. Once the transaction is verified, it is irreversible and can no longer be altered. All the exchange details are also public for everyone to see, but cryptography prevents sensitive data from being compromised or stolen.

Cryptocurrency is designed to be free of any influence from central authorities, allowing users to make independent transactions securely and anonymously. This makes crypto payments ideal for online gamblers because it gives them complete control over their transactions.

Cryptocurrency’s peer-to-peer protocols allow its users to send to anyone and receive from anywhere in the world at any time. This kind of autonomy is not possible with traditional fiat that is regulated by the government and banks.

Since it is decentralised, crypto removes the need for middlemen and cuts down on fees users have to pay for every transaction. This means you can deposit more for your cryptocurrency gambling instead of paying more for fees.

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Aside from security, blockchain technology also ensures users’ anonymity. All the recorded transactions are kept confidential through advanced encryption. Thanks to this, personal information is hidden from prying eyes, making your financial records private and secure.

Additionally, this allows high rollers to make large deposits or withdrawals that would normally call the attention of third-party verification or financial institutions like banks.

Cryptocurrency is decentralised, meaning transactions can be made anywhere in the world without going through bureaucratic red tape. Regardless of your location, you can send or receive crypto payments without being subjected to restrictions from the country of origin to its destination. This lets you gamble using crypto no matter where you are.

Crypto payments have minimal waiting time and low transaction fees, which appeals to gamblers who make frequent online fund transfers. This kind of payment is especially useful in international transactions where payments are transferred in minutes instead of hours or days.

With many online payment systems available, you don’t have to visit a physical bank or store. You can send and buy your coins anywhere as long as you have internet access. This means you can add more to your balance in no time, so you don’t have to wait long to continue your cryptocurrency gambling.

Since crypto casinos rose in popularity in recent years, there have been various games developed exclusively for these casinos. This includes Crash games, Mines, Dice, and more. These thrilling and rewarding games are typically enjoyed exclusively at crypto casinos, encouraging more players to register to reliable crypto platforms like Bitcasino.

How to buy crypto and deposit at Bitcasino

Ready to purchase crypto? Listed below are the simple steps you need to take to buy your first crypto:

There are two ways you can purchase crypto: through a reliable exchange platform or directly from Bitcasino. 

Exchanges facilitate and simplify the process of buying and selling crypto. However, it’s important to find a reputable platform like Binance to ensure your transaction is secure. 

When looking for a crypto exchange, consider its services, the cryptos available, and the trading fees. These are the most significant things you need to know before using a platform, so conduct thorough research before signing up.

Alternatively, you can also purchase crypto directly from Bitcasino through our partnered exchanges, such as Onramper or Binance. You can purchase the following coins supported at Bitcasino:

  • Tether (USDT)

  • Bitcoin (BTC)

  • Ethereum (ETH)

  • Binance Coin (BNB)

  • Litecoin (LTC)

  • Dogecoin (DOGE)

  • Ripple (XRP)

  • Tron (TRX)

  • Binance USD (BUSD)

  • Cardano (ADA)

  • The Open Network (TON).

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The next part is to create an account at Bitcasino. Click the register button at the top of the homepage and provide your personal information. Alternatively, you can sign up by connecting your existing account in MetaMask, Google, Apple, Facebook, Twitter, Line, or Telegram. 

Once you’re a registered user, you need to fund your account with crypto. If you already have some, you can transfer them from your wallet by copying the wallet address provided at Bitcasino.

Itching to play our thrilling collection of Bitcasino games? Head to our games section and select your choice of slots, table games, or live dealer games. Regardless of which one you choose, rest assured that all of these come from reputable game providers in the industry, such as Play’n GO, Hacksaw Gaming, NoLimit City and more.

Gamble away using crypto at Bitcasino

Crypto gambling is by far the most convenient way to enjoy live dealer games and video slots online. With digital currencies, transactions are instant and safe, while fees are lower than traditional deposit options.

Considering all that, it’s clear why cryptocurrency gambling is now more popular in the casino industry. Experience all its perks when you sign up at Bitcasino and play your favourite casino games.

Words by: Cathrene Joseph

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